EX-11 3 a08-2443_2ex11.htm EX-11

Exhibit 11

 

ORIENT-EXPRESS HOTELS LTD. AND SUBSIDIARIES

 

Statements re Computation of Per Share Earnings

(Common shares means both Class A and Class B)

 

 

 

Year ended December 31,

 

 

 

2007

 

2006

 

2005

 

 

 

 

 

 

 

 

 

Net earnings from continuing operations

 

$

50,263,000

 

$

36,665,000

 

$

41,293,000

 

(Loss)/earnings from discontinued operations, net of tax

 

(16,621,000

)

3,102,000

 

246,000

 

Net earnings

 

$

33,642,000

 

$

39,767,000

 

$

41,539,000

 

 

 

 

 

 

 

 

 

Shares used to compute basic earnings per common share (weighted average number of shares outstanding)

 

42,390,000

 

40,692,000

 

38,214,000

 

Shares used to compute diluted earnings per common share (weighted average number of shares outstanding assuming the effect of stock options)

 

42,574,000

 

40,960,000

 

38,534,000

 

 

 

 

 

 

 

 

 

Basic earnings per common share:

 

 

 

 

 

 

 

Net earnings from continuing operations

 

$

1.19

 

$

0.90

 

$

1.08

 

Net (loss)/earnings from discontinued operations

 

(0.40

)

0.08

 

0.01

 

Net earnings

 

$

0.79

 

$

0.98

 

$

1.09

 

 

 

 

 

 

 

 

 

Diluted earnings per common share:

 

 

 

 

 

 

 

Net earnings from continuing operations

 

$

1.19

 

$

0.89

 

$

1.07

 

Net (loss)/earnings from discontinued operations

 

(0.40

)

0.08

 

0.01

 

Net earnings

 

$

0.79

 

$

0.97

 

$

1.08

 

 

1